why is college so expensive?...clep is the most widely accepted credit-by-examination program in the...

Understanding Higher Education

GOAL: To show you how to earn a top-quality college education...DebT Free.

Why do most people seek a higher education?

COnCErns:

1.

2.

3.

Why is college so expensive?

THE FACTs

1. student loan debt has surpassed credit card debt in america and is expected to surpass 1 trillion dollars in 2012.

2. The average undergraduate degree takes 5.8 years to complete.

3. more than 150 billion dollars in financial aid is awarded annually. only 3% is in the form of scholarships. (www.fastweb.com)

• It is a .

• Don’t try to purchase a on a budget.

• Emotional . “Emotions will cause us to make bad decisions in pursuing the RIGHT thing.”

• Beware of the .

sessio

n 1

2DebT Free college Degree | SESSION ONE | © 2012 Noremac PublishiNg

As far as the purpose of college, I am a

huge believer that you go to

college to learn how to learn.

However, if that goal is subverted

because traditional universities, public and private, charge

so much to make that happen,

I believe that system will collapse and

there will be better alternatives created.

Mark Cuban, Owner, Dallas Mavericks

The Education Business Plan

ELEmEnTs OF THE PLAn:

A. What career or educational interest do you want to pursue?

1. The end result of your career choice is critical and you should start there.

2. Never do what someone else wants you to do!

3. make sure your career of choice can provide income to sustain a living.

B. How much will it cost to earn your degree(s)?View these samples for 2009-10:

1. Two-year colleges: average published tuition and fees at public are $2,544 per year.

2. In-state students at public four-year colleges and universities: average published tuition and fees are $7,020 per year.

3. Out-of-state students at public four-year colleges and universities: average published tuition and fees are $18,548 per year.

4. Private four-year colleges and universities: average published tuition and fees are $26,273 per year.

5. For-profit institutions: average published tuition and fees are $14,174 per year.

Source: College Board’s Trends in College Pricing 2009. Resources for calculating the cost of college www.finaid.org

sessio

n 2

3DebT Free college Degree | SESSION TWO | © 2012 Noremac PublishiNg

Since 1982, the cost of

medical care in the United

States has gone up over

200% but that is nothing

compared to the cost of

college tuition which has gone

up by more than 400%.

Source: My Budget 360

The Education Business Plan Part 2


C. How will you fund your college education? This question is often overlooked in the college planning process until the very end.

Debt Free “Senior Year” Crash Course “I didn’t plan. I have no money. What do we do?”

a. F.

b. g.

c. h.

D. i.

e.

What Is CLEP? cleP is the most widely accepted credit-by-examination program in the u.s. today, helping students of all ages earn college degrees faster by getting credit for what they already know. by receiving a satisfactory score, your child can earn from 3 to 12 college credits toward his college degree for each cleP he takes, depending on the exam subject.

Save Time Your child can be rewarded for what he has learned through independent study, advanced high school courses, noncredit adult courses, or professional development.

Which CLEP Exams Are Accepted by Colleges? CLEP policies can vary from college to college, so it’s important for your child to research policies at the colleges he is interested in attending (or the college he’s currently attending). before your child takes one or more cleP exams to get college credit, he should find out which exams his college recognizes, as well as its requirements for earning cleP credit.

J. K.

D. What’s the ROI for your college degree? What is the RETURN ON YOUR INVESTMENT? How much will you ultimately earn from your education investment?

How much is the entry level salary for your planned career?

Research these websites for more information: www.monster.com, www.salary.com, www.payscale.com , www.careerbliss.com, www.fafsa.gov

.

sessio

n 2

States With

Highest Student Loan Debt

(average owed)

1. Maryland $33,087

2. New York $32,419

3. Georgia $32,208

4. Mass. $32,205

5. New Jersey $31,869

6. Virginia $30,855

National average: $29,088

Source: The Examiner


The Education Business Plan


E. The Real Deal About Student Loans student loans are the loans you get without even thinking about it...

1. millions are .

2. Can’t be .

3. lose .

4. The interest .

5. They give the illusion of while

really (if you are not careful).

THE HiDDEn COsTs OF DEFAULTinG On

sTUDEnT LOAns: Under current law, the following charges may be assessed against a defaulted borrower:

• Late Fees. up to 6% of each late installment, where late is defined as more than 15 days after the due date (FFel) or 30 days after the due date (Dl).

• Collection Charges. collection charges of up to 25% of the amount applied to principal and interest (20% of each payment on a defaulted loan) may be deducted before applying the remainder to late fees, then accrued interest and finally to principal.

• Garnishment. The government may obtain garnishment of up to 15% of disposable pay. Disposable pay is defined as income remaining after deduction of any amounts required by law to be withheld, such as income taxes.

• THE STUDENT LOAN RELIEF LAW STARTING JAN. 1, 2012

sessio

n 2

“Student loans are the loans you get without even

thinking about it...”


The system systems Create Behaviors

FOOD FOr THOUGHT: Why aren’t four years of financial literacy classes required before graduating from high school?

Who is the…1. Guidance Counselor? 3. Admissions Officer?

2. College Recruiter? 4. Financial Aid Officer?

A. Common Traps Set For College Students1. The student loan refund check

2. credit cards

3. room and board

4. meal Plan

5. improper Planning

B. Understanding FAFSA(Free Application for Federal Student Aid)

Types of Financial Aid:

1. loans (gift aid and is required to be repaid)

2. grants and scholarships (does not need to be repaid)

3. Work Study (self help and does not need to be repaid)

C. Types of Loans1. Perkins

2. stafford

3. subsidized

4. unsubsidized

5. Parent Plus

sessio

n 3

“Student loan debt

has surpassed credit card

debt and is expected

to exceed 1 trillion dollars.”

6DebT Free college Degree | SESSION THREE | © 2012 Noremac PublishiNg

The system systems Create Behaviors

FOOD FOr THOUGHT:

D. FAFSA Form Facts1. 74% of FaFsa forms have errors which slow down the processing time and

potentially cost money.

2. Feb. 15th is the application deadline.

3. make sure all additional financial aid forms match.

4. apply under who the child resides with majority of the time.

5. Financial aid leveraging

6. What is the EFC?

E. Scholarships and Grants

1. NEVER PAY MONEY FOR SCHOLARSHIPS OR GRANTS.

2. learn more about the hoPe scholarshiP TaX creDiT.

sessio

n 3

“74% of FAFSA forms

have errors which slow

down the processing

time and potentially cost

money.”

7DebT Free college Degree | SESSION THREE | © 2012 Noremac PublishiNg

The realities of student Loan Debt

GrADUATEs wiTH nO PLAn ArE qUiCkLy BrOUGHT TO rEALiTy

1. They have to move home for an extended amount of time after graduation to stay afloat.

2. They face frustration due to lack of employment or under employment.

3. They realize that they have not been financially trained.

4. many lack an entrepreneurial mindset.

5. some are too proud to work places they feel are beneath them.

6. They make poor relational and lifestyle choices which may set them back.

sEssiOn 5: Two Choices - What will you decide?

if you are , you make decisions.

& will kill a dream.

Be honest with yourself (for a potential graduate school student).

1. What is your for a graduate degree?

2. more or ?

3. can you it?

4. Do you want to take on debt that you could be attached to for another 20+ years with NO guarantees?

Now that you are informed, what will you decide?

What will you take away from this seminar?

sessio

n 4

If systems create

behaviors, why aren’t

financial literacy classes

mandatory in high school education?

8DebT Free college Degree | SESSION FOUR / FIVE | © 2012 Noremac PublishiNg

How To Eliminate Lingering student Loan Debt

sessio

n 6

B

On

Us

sTEP 1

DON’T TAKE ON ANY MORE DEBT!!!!

No Credit Cards • No Student Loans • No Personal Loans No Title Loans or Pay Day Loans • No “Fear” Loans

sTEP 2

Assess Your Financial Picture (Don’t Run! Don’t Hide!)

1. Pull your credit report 2. Pull all bank statements

Emotions you may feel…

1. 3.

2. 4.

ALL Sources of Net (Take-Home) Incomesource 1 source 3

source 2 source 4

Total of ALL Sources

Total ALL Debts and Interest Rates Debt Total balance owed interest rate min. monthly Payment

9DebT Free college Degree | BONUS SESSION SIX | © 2012 Noremac PublishiNg

Total Debt Owed

Total Min. Monthly Payment

Start paying smallest debts

first to give yourself small

accomplishments.

How To Eliminate Lingering student Loan Debt

sTEP 2 (continued)

Total INCOME - Total DEBT Min. Monthly Payments - Total (Mand. and Other) EXPENSES = Total NET Monthly Income

sTEP 3 - SAVE $1000 Emergency Fund

sTEP 4 - Income Increasing Strategies

1. 4.

2. 5.

3. 6.

sTEP 5 - Programs and Strategies That “May”Help 1. Income Based Repayment Plan (BEWARE)

2. loan Forgiveness Programs

3. Federal student loan repayment Program www.opm.gov/oca/pay/studentloan/

4. Consolidation (BEWARE)

5. Last Resort… Bankruptcy?

If you are serious, you will do what it takes. SACRIFICE! PATIENCE!

sessio

n 6

B

On

Us

10DebT Free college Degree | BONUS SESSION SIX | © 2012 Noremac PublishiNg

Total ALL Mandatory Monthly Expenseshousing

electric

gas

Water

insurance

life insurance

medical insurance

Disability insurance

Phone

groceries

household supplies

Total Mand. Expenses

Total ALL Other Monthly Expenses cable TV

clothing

entertainment

Transportation

eating out

car Note

childcare

grooming

charity

Pets

misc.

Total Other Expenses

Use tax refund to fund

emergency fund and then

start paying down debts.

rEsOUrCEs

11DebT Free college Degree | RESOURCES | © 2012 Noremac PublishiNg

sAmPLE EsTimATED AnnUAL COLLEGE ExPEnsEs(based on a two semester, eight month school year and no financial aid assistance.

Tuition costs will vary from school to school.)

Community College Public University Private University At Home On Campus At Home *Off Campus On Campus At Home *Off Campus

1. Tuition and Fees $3,300 $8,655 $8,655 $8,655 $26,550 $26,550 $26,550

2. Books and Multimedia $450 $800 $800 $800 $800 $800 $800

3. Entertainment $800 $800 $800 $800 $800 $800 $800

4. Clothing $700 $700 $700 $700 $700 $700 $700

5. Transportation $1600 $500 $1600 $1600 $500 $1600 $1600 (gas or public transportation fees)

6. Room and Board ------ $11,200 ------ ------ $11,200 ------ ------

7. Rent ------ ------ ------ $4800 ------ ------ $4800

8. Telephone $600 $600 $600 $600 $600 $600 $600 (to include house and/or cell)

9. Utilities ------ ------ ------ $1600 ------ ------ $1600

10. Food (Groceries) $800 $250 $800 $1600 $250 $800 $1600

11. Eating Out $1200 $700 $1200 $1200 $700 $1200 $1200

12. Misc $500 $500 $500 $500 $500 $500 $500

13. Health Insurance $800 $800 $800 $800 $800 $800 $800

14. Car Note $2800 ------ $2800 $2800 ------ $2800 $2800

15. Car Insurance $1600 ------ $1600 $1600 ------ $1600 $1600

16. Childcare (for parents with a child(ren)

17. Credit Card(s) $1200 $1200 $1200 $1200 $1200 $1200 $1200

18. Pet(s) $800 ------ $800 $800 ------ $800 $800

19. Hair $800 $800 $800 $800 $800 $800 $800

20. Giving (Charity/Tithing)

21. Other (this is designated for an expense unique to your situation.)

Totals Per School Year $17, 950 $27,505 $23,655 $30,855 $45,400 $41,550 $48,750

*off campus: living independently from home.

use this as a guide to estimate potential annual college living expenses.

rEsOUrCEs


sAmPLE EsTimATED AnnUAL COLLEGE ExPEnsEs(based on a two semester, eight month school year and no financial aid assistance.


Community College Public University Private University At Home On Campus At Home *Off Campus On Campus At Home *Off Campus

1. Tuition and Fees

2. Books and Multimedia

3. Entertainment

4. Clothing

5. Transportation (gas or public transportation fees)

6. Room and Board

7. Rent

8. Telephone (to include house and/or cell)

9. Utilities

10. Food (Groceries)

11. Eating Out

12. Misc

13. Health Insurance

14. Car Note

15. Car Insurance

16. Childcare (for parents with a child(ren)

17. Credit Card(s)

18. Pet(s)

19. Hair

20. Giving (Charity/Tithing)

21. Other (this is designated for an expense unique to your situation.)

Totals Per School Year

*off campus: living independently from home.

use this as a guide to estimate potential annual college living expenses.

rEsOUrCEs


FOUr PATHs TO THE “sAmE” COLLEGE DEGrEEsample Four Year college Degree costs

Student 1 – Business Degree (Community college with transfer to an in-state, public or private university)(based on a two semester, eight month school year and no financial aid assistance.


Community College (first 2 years) Public University Private University

Year 1 Year 2 Year 3 Year 4 Year 3 Year 4

1. Tuition and Fees $3,300 $3,300 $8,655 $8,655 $26,550 $26,550

2. books and multimedia $450 $450 $800 $800 $800 $800

3. room and board ------ ------ ------- ------ ------ -------

Annual Totals $3,750 $3,750 $9,455 $9,455 $27,350 $27,350

Community College With Transfer To Public University Four Year Degree Total Estimate = $26,410

Community College With Transfer To Private University Four Year Degree Total Estimate = $62,220

Student 2 – Business Degree (Living at home while attending a four year in-state, public university)(based on a two semester, eight month school year and no financial aid assistance.


Public University

Year 1 Year 2 Year 3 Year 4

1. Tuition and Fees $8,655 $8,655 $8,655 $8,655

2. books and multimedia $800 $800 $800 $800

3. room and board ------ ------ ------- ------

Annual Totals $9,455 $9,455 $9,455 $9,455

Public University Four Year Degree Total Estimate = $37,820

rEsOUrCEs


FOUr PATHs TO THE “sAmE” COLLEGE DEGrEEsample Four Year college Degree costs

Student 3 – Business Degree (Living on campus while attending a four year in-state, public university)(based on a two semester, eight month school year and no financial aid assistance.


Public University


1. Tuition and Fees $8,655 $8,655 $8,655 $8,655


3. room and board $11,200 $11,200 $11,200 $11,200

Annual Totals $20,655 $20,655 $20,655 $20,655


Student 4 – Business Degree (Living on campus while attending a four year private or out-of-state, public university)(based on a two semester, eight month school year and no financial aid assistance.


Private University


1. Tuition and Fees $26,550 $26,550 $26,550 $26,550


3. room and board $11,200 $11,200 $11,200 $11,200

Annual Totals $38,550 $38,550 $38,550 $38,550


rEsOUrCEs


20 yEAr sTUDEnT LOAn rEPAymEnT EsTimATE

Note: The monthly loan payment was calculated at 239 payments of $358.22 plus a final payment of $356.15.

it is estimated that you will need an annual salary of at least $42,986.40 to be able to afford to repay this loan. This estimate assumes that 10% of your gross monthly income will be devoted to repaying your student loans. This corresponds to a debt-to-income ratio of 1.2. if you use 15% of your gross monthly income to repay the loan, you will need an annual salary of only $28,657.60, but you may experience some financial difficulty. This corresponds to a debt-to-income ratio of 1.7.

The following table lists the minimum income neces-sary to repay the debt without encountering a par-tial economic hardship. Partial economic hardship is defined as having annual education loan payments in excess of 15 percent of discretionary income, where discretionary income is the amount by which adjusted gross income (agi) exceeds 150 percent of the poverty line. This figure is shown in the minimum agi (ibr) column. The minimum agi (icr) column uses an alternate definition of economic hardship, based on 20 percent of discretionary income which is defined as the excess of agi over 100 percent of the poverty line.

Household Size Minimum AGI (IBR) Minimum AGI (ICR)

1 $44,903.00 $32,323.00

2 $50,513.00 $36,063.00

3 $56,123.00 $39,803.00

4 $61,733.00 $43,543.00

5 $67,343.00 $47,283.00

6 $72,953.00 $51,023.00

using a loan term of 20 years instead of standard 10-year repayment reduces the monthly loan payment by $196.88 (35.5%), but increases the total interest paid by $19,358.43 (116.5%). With a loan term of 20 years, you will still be repaying your debt when your children enroll in college. Your education debt is very high, greater than 90 percent of students who graduated with the same degree.

Source: www.finaid.org

loan balance: $50,000.00

adjusted loan balance: $50,000.00

loan interest rate: 6.00%

loan Fees: 0.00%

loan Term: 20 years

minimum Payment: $0.00

enrollment status: in repayment

Degree Program: Bachelor’s Degree

Total Years in college: 4 years

average Debt per Year: $12,500.00

monthly loan Payment: $358.22

Number of Payments: 240

Cumulative Payments: $85,970.73

Total Interest Paid: $35,970.73

rEsOUrCEs


10 yEAr sTUDEnT LOAn rEPAymEnT EsTimATE

Note: The monthly loan payment was calculated at 119 payments of $555.10 plus a final payment of $555.51.

it is estimated that you will need an annual salary of at least $66,612.00 to be able to afford to repay this loan. This estimate assumes that 10% of your gross monthly income will be devoted to repaying your student loans. This corresponds to a debt-to-income ratio of 0.8. if you use 15% of your gross monthly income to repay the loan, you will need an annual salary of only $44,408.00, but you may experience some financial difficulty. This corresponds to a debt-to-income ratio of 1.1.

The following table lists the minimum income neces-sary to repay the debt without encountering a par-tial economic hardship. Partial economic hardship is defined as having annual education loan payments in excess of 15 percent of discretionary income, where discretionary income is the amount by which adjusted gross income (agi) exceeds 150 percent of the poverty line. This figure is shown in the minimum agi (ibr) column. The minimum agi (icr) column uses an alternate definition of economic hardship, based on 20 percent of discretionary income which is defined as the excess of agi over 100 percent of the poverty line.

Household Size Minimum AGI (IBR) Minimum AGI (ICR)

1 $60,653.00 $44,136.00

2 $66,263.00 $47,876.00

3 $71,873.00 $51,616.00

4 $77,483.00 $55,356.00

5 $83,093.00 $59,096.00

6 $88,703.00 $62,836.00

Your education debt is very high, greater than 90 percent of students who graduated with the same degree.

Source: www.finaid.org

loan balance: $50,000.00

adjusted loan balance: $50,000.00

loan interest rate: 6.00%

loan Fees: 0.00%

loan Term: 10 years

minimum Payment: $0.00

enrollment status: in repayment

Degree Program: Bachelor’s Degree

Total Years in college: 4 years

average Debt per Year: $12,500.00

monthly loan Payment: $555.10

Number of Payments: 120

Cumulative Payments: $66,612.41

Total Interest Paid: $16,612.41

rEsOUrCEs


FAFsA TiPs

1. Learn About Your Expected Family Contribution: Your eFc is the amount a family can be ex-pected to contribute toward a student’s college costs. All data used to calculate a student’s EFC comes from the information the student provides on the Free application for Federal student aid (FaFsa). Typically, the lower your eFc, the more financial aid you will receive. Factors such as family size, number of family members in college, family savings, and current earnings are used to calculate this figure.

2. Don’t Include Your Home Equity on FAFSA: You do not need to include your home equity on the FaFsa as personal net worth. otherwise, you may see your eFc go through the roof. also, if the student is applying to private schools, make sure you use the Federal housing index multiplier in order to get your home equity calculated based on a national average, not based on your local real estate prices. In addition to a primary home, you also shouldn’t mention vehicles, boats, fur-niture, and other household possessions as assets (assets that can accrue as you eliminate cash).

3. Get Rid of as Much Cash as Possible Before Filing the FAFSA: even FaFsa recommends this strategy! liquid assets on hand (cash, savings, checking accounts, etc.) means that you qualify for less aid. You can eliminate that cash by purchasing school supplies, try to pay off upcoming bills or shift assets into investments or into your mortgage.

4. Don’t Save Money Under the Student’s Name: Assets under the student’s name are assessed 50 cents on the dollar and, as a result, will translate into lost funds available through financial aid forms. Students can even save under another relative’s name to render those funds virtually invisible. Don’t move the funds just before you apply for financial aid — set the account up in another name from the start.

5. Pick the Right School at the Right Time: a state school may cost less than a private school, but unless you carry stellar grades, a transfer to a private school after you’ve completed your elec-tives may not work. Additionally, some schools carry more financial aid programs than others — the choice would be to go to the school that offers more aid.

6. Finally, you may want to take a “gap year” to help the parents… if you have a sibling close in age that isn’t in college yet, but who wants to attend, you can save your parents a bundle by attend-ing at the same time.

Source: www.onlinemasters.org

College Education Research Websites Recommended Reading www.fafsa.gov “DEBT FREE U” Zac bissonnette

www.finaid.org

www.payscale.com

www.salary.com

www.careerbliss.com

www.monster.com

STAR

TIN

G

ME

DIA

N

PAY

MID

-CA

RE

ER

M

ED

IAN

PAY

Petro

leum E

ngineering

$9

7,90

0$

155,00

0

Chem

ical Eng

ineering$

64

,500

$10

9,0

00

Electrical E

ngineering

(EE

)$

61,30

0$

103,0

00

Materials Science &

Eng

ineering$

60

,40

0$

103,0

00

Aero

space E

ngineering

$6

0,70

0$

102,0

00

Co

mp

uter Eng

ineering (C

E)

$6

1,80

0$

101,0

00

Physics

$4

9,8

00

$10

1,00

0

Ap

plied

Mathem

atics$

52,60

0$

98

,60

0

Co

mp

uter Science (CS)

$56

,60

0$

97,9

00

Nuclear E

ngineering

$6

5,100

$9

7,80

0

Bio

med

ical Eng

ineering (B

ME

)$

53,80

0$

97,8

00

Eco

nom

ics$

47,30

0$

94

,700

Mechanical E

ngineering

(ME

)$

58,4

00

$9

4,50

0

Statistics$

49

,00

0$

93,8

00

Industrial E

ngineering

(IE)

$57,4

00

$9

3,100

Civil E

ngineering

(CE

)$

53,100

$9

0,20

0

Mathem

atics$

47,0

00

$8

9,9

00

Enviro

nmental E

ngineering

$51,70

0$

88

,60

0

Manag

ement Info

rmatio

n Systems (M

IS)$

51,00

0$

88

,200

Softw

are Eng

ineering$

54,9

00

$8

7,80

0

Finance

$4

6,50

0$

87,30

0

Governm

ent$

41,4

00

$8

7,300

Co

nstruction M

anagem

ent$

50,20

0$

85,20

0

Supp

ly Chain M

anagem

ent$

50,20

0$

84

,700

Bio

chemistry (B

CH

)$

41,70

0$

84

,700

Industrial D

esign (ID

)$

44

,40

0$

84

,40

0

Electrical E

ngineering

Technolo

gy (E

ET

)$

55,100

$8

4,30

0

Foo

d Science

$4

3,300

$8

3,700

International B

usiness$

41,6

00

$8

3,700

Civil E

ngineering

Technolo

gy (C

ET

)$

46

,60

0$

83,30

0

Geo

log

y$

45,30

0$

83,30

0

Co

mp

uter Inform

ation System

s (CIS)

$4

7,90

0$

83,10

0

STAR

TIN

G

ME

DIA

N

PAY

MID

-CA

RE

ER

M

ED

IAN

PAY

Mechanical E

ngineering

Technology (M

ET)

$51,6

00

$8

1,200

Mo

lecular Bio

log

y$

40

,500

$8

1,200

Chem

istry$

42,0

00

$8

0,9

00

Film

Pro

ductio

n$

41,6

00

$8

0,70

0

Po

litical Science (Po

lySci)$

39,9

00

$8

0,10

0

Bio

technolo

gy

$4

0,8

00

$79

,90

0

International R

elations

$4

0,50

0$

79,4

00

Occup

ational H

ealth and Safety

$4

6,4

00

$79

,00

0

Am

erican Studies

$4

3,40

0$

78,6

00

Inform

ation Techno

log

y (IT)

$4

8,30

0$

78,50

0

Industrial Techno

log

y (IT)

$4

8,10

0$

78,4

00

Inform

ation System

s (IS)$

48

,300

$78

,100

Telecom

municatio

ns$

37,300

$78

,100

Urb

an Planning

$4

1,500

$78

,00

0

Acco

unting$

44

,700

$75,70

0

Philo

sop

hy$

39,8

00

$75,6

00

Zo

olo

gy

$38

,00

0$

75,200

Ad

vertising$

37,700

$74

,700

Architecture

$4

1,500

$74

,40

0

Marketing

& C

om

municatio

ns$

38,20

0$

73,500

Literature$

39,10

0$

73,200

Fashion D

esign

$36

,300

$72,4

00

Glo

bal &

International Stud

ies$

37,80

0$

72,00

0

Bio

log

y$

37,90

0$

71,90

0

Enviro

nmental Science

$4

0,20

0$

71,200

Linguistics

$39

,80

0$

70,70

0

Business

$4

1,00

0$

70,50

0

Micro

bio

log

y$

38,50

0$

70,10

0

Nursing

$52,70

0$

69

,300

Histo

ry$

37,80

0$

69

,00

0

Pub

lic Ad

ministratio

n$

40

,40

0$

68

,90

0

Ho

tel Manag

ement

$36

,100

$6

8,70

0

Undergrad College Degrees By salary

Spanish

$36

,40

0$

58,4

00

Interior D

esign

$34

,300

$58

,200

Hum

anities$

34,9

00

$57,8

00

Ho

rticulture$

39,6

00

$57,30

0

Theater$

34,70

0$

57,300

Music

$36

,80

0$

57,200

Grap

hic Desig

n$

35,60

0$

56,50

0

Fashion M

erchandising

$36

,80

0$

56,30

0

STAR

TIN

G

ME

DIA

N

PAY

MID

-CA

RE

ER

M

ED

IAN

PAY

Forestry

$4

1,500

$6

7,200

Co

mm

unications

$38

,00

0$

66

,90

0

Landscap

e Architecture

$4

1,90

0$

66

,700

Geo

grap

hy$

39,6

00

$6

6,70

0

Journalism

$36

,100

$6

6,4

00

Health Sciences

$35,8

00

$6

6,20

0

Eng

lish$

37,100

$6

5,80

0

Pub

lic Relatio

ns (PR

)$

35,500

$6

5,700

French

$38

,40

0$

65,50

0

Spo

rts Manag

ement

$35,4

00

$6

5,100

Liberal A

rts$

37,80

0$

63,20

0

Anthro

po

log

y$

35,60

0$

63,20

0

Hum

an Reso

urces (HR

)$

37,90

0$

62,6

00

Org

anizational M

anagem

ent (OM

)$

42,30

0$

61,9

00

Ag

riculture$

38,6

00

$6

1,500

Psycho

log

y$

35,00

0$

61,30

0

Med

ical Technolo

gy

$4

5,100

$6

0,9

00

Health C

are Ad

ministratio

n$

36,70

0$

60

,90

0

Socio

log

y$

36,10

0$

60

,500

Rad

io &

Television

$35,0

00

$6

0,0

00

Ho

spitality &

Tourism

$35,9

00

$59

,500

Visual C

om

municatio

n$

35,60

0$

59,0

00

Crim

inal Justice$

35,300

$58

,90

0

Fine A

rts$

35,90

0$

58,6

00

STAR

TIN

G

ME

DIA

N

PAY

MID

-CA

RE

ER

M

ED

IAN

PAY

Dietetics

$4

1,500

$56

,100

Ed

ucation

$36

,80

0$

54,70

0

Kinesio

log

y$

34,20

0$

54,6

00

Pho

tog

raphy

$32,9

00

$54

,500

Nutritio

n$

38,6

00

$54

,40

0

Interdiscip

linary Studies (IS)

$36

,300

$54

,40

0

Exercise Science

$33,10

0$

54,4

00

Social Science

$36

,60

0$

54,30

0

Dram

a$

37,80

0$

54,20

0

Multim

edia and

Web

Desig

n$

40

,40

0$

53,90

0

Anim

al Science$

33,80

0$

53,700

Paraleg

al/Law$

35,300

$53,50

0

Art H

istory

$38

,300

$53,30

0

Art

$35,30

0$

52,40

0

Theolo

gy

$35,6

00

$52,0

00

Pub

lic Health (P

H)

$35,50

0$

51,700

Athletic Training

$34

,60

0$

50,20

0

Relig

ious Stud

ies$

32,90

0$

49

,700

Recreatio

n & Leisure Stud

ies$

34,50

0$

49

,100

Special E

ducatio

n$

34,30

0$

47,8

00

Culinary A

rts$

29,9

00

$4

6,8

00

Social W

ork (SW

)$

32,200

$4

4,30

0

Elem

entary Ed

ucation

$32,4

00

$4

4,0

00

Child

and Fam

ily Studies

$29

,60

0$

40

,500

*Based

on P

ayScale S

alary Survey d

ata for full-tim

e emp

loyees in the US

who

po

ssess a b

achelor’s d

egree and

no hig

her deg

rees. All co

lleges and

universities across the natio

n were

included

. Salary is the sum

of co

mp

ensation fro

m b

ase salary, bo

nuses, pro

fit sharing

, com

-m

issions and

overtime (if ap

plicab

le). This survey is part o

f PayS

cale’s Best C

olleg

es Rep

ort

ww

w.d

ebtfreenatio

n.org

| twitter @

deb

tfreenation 1

© 2

012

No

re

ma

c P

ub

lis

hiN

g

Undergrad College Degrees By salary

why is college so expensive?...clep is the most widely accepted credit-by-examination program in the...

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